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Samarco, Brazil gov't come closer on $4.8 bln dam-disaster accord

Published 22/01/2016, 08:54 am
Samarco, Brazil gov't come closer on $4.8 bln dam-disaster accord
BHP
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BHPB
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VALE
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BRASILIA, Jan 21 (Reuters) - Brazil's government and Samarco Mineração SA, a joint venture between Vale SA VALE5.SA and BHP Billiton (L:BLT) Ltd BHP.AX , are inching closer to a deal to settle a 20 billion-real ($4.8 billion) lawsuit for damages related to a deadly November dam disaster, Brazil's attorney general said on Thursday.

The two sides met in Brasilia on Thursday and talks have "advanced significantly" with the likelihood that the outline of an accord can be completed by early February, Luis Inacio Adams, Brazil's attorney general, told reporters after the meeting. ($1 = 4.1564 Brazilian reais)

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